Brand Industrial Services, known as BrandSafway, has signed an agreement to acquire Venko Groep BV, a portfolio company of Mentha Capital. Venko will become a part of the Brand Energy & Infrastructure Services (Brand) group.
Based in the Netherlands, with a focus on operations in the North Sea area, Venko is a leading offshore and onshore coatings maintenance provider in Europe. Founded in 1975, Venko has its headquarters in Hoogeveen, with branch locations in Arnhem, Den Helder and Ridderkerk in the Netherlands, and Great Yarmouth and Aberdeen in the U.K. Employing up to 500 people in peak season, Venko specializes in the maintenance of coatings on steel structures, from offshore applications to civil projects and bridges.
The closing of this transaction is anticipated in the fourth quarter of 2017.
For more information, visit www.brandsafway.com or call (800) 558-4772.